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Julie Anne Genter MP
Julie Anne Genter MP on Thursday, January 28, 2016 - 09:40

National’s housing policy half-measures aren’t enough to stop the Reserve Bank keeping interest rates on hold, which in turn is holding back small businesses, the Green Party said.

“If it wasn’t for the Auckland housing crisis, I’d expect the Reserve Bank to cut the Official Cash Rate to help businesses invest and hire more staff,” Green Party finance spokesperson Julie Anne Genter said.

Julie Anne Genter MP
Julie Anne Genter MP on Wednesday, January 27, 2016 - 11:03

More cracks are appearing in the National Government’s façade of economic management, with the Crown accounts back in deficit and international ratings agency Fitch downgrading its predictions for New Zealand’s economy, the Green Party said.

Julie Anne Genter MP
Julie Anne Genter MP on Wednesday, January 20, 2016 - 11:43

Low overall inflation provides ideal economic conditions for the Government to tackle snowballing housing costs, stagnating wages, and increasing climate pollution, the Green Party said today.

The Consumers Price Index released today showed 2015 experienced the lowest level of annual inflation since 1999, at just 0.1 percent.

on Tuesday, December 15, 2015 - 14:28

National’s obsession with its nanosecond surplus has ended up being a lose-lose for New Zealand because it came at the price of fewer jobs and more pollution, the Green Party says.

The Government’s Half Year Economic and Fiscal Update today forecast a $401 million government deficit, GDP growth slowing to 2.1%, and unemployment rising to 6.5%. This is a step backward from the Budget 2015 forecasts of a surplus, 3.2% GDP growth, and 5.1% unemployment.

on Thursday, December 10, 2015 - 10:33

With unemployment rising and the economy going off on the wrong track, cutting the Official Cash Rate (OCR) was the right decision to help small and medium-sized businesses invest to create jobs and bring mortgage payments down for families, the Green Party says today.

The Reserve Bank Governor today announced a 0.25% cut to the OCR bringing the new rate to 2.5%.

Julie Anne Genter MP
Julie Anne Genter MP on Wednesday, November 11, 2015 - 11:09

The National Government’s failure to take meaningful action to curb property speculation is creating a serious risk to the financial and economic stability of the country, said the Green Party today.

on Tuesday, November 10, 2015 - 12:15

A report released today by the IMF shows the Government’s inaction on the housing crisis is creating a significant risk to New Zealand’s economy, the Green Party said today.

In its New Zealand Mission: Concluding Report, the IMF calls for more houses to be built in Auckland urgently, and for more tax incentives for housing speculators to be removed – which the Green Party believes should include a proper capital gains tax.

Eugenie Sage MP on Tuesday, November 3, 2015 - 15:01